MARA, Holder of Nearly $6B BTC, Raises $950M to Buy More Bitcoin
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Description
Bitcoin mining company MARA Holdings (MARA) has completed a $950 million offering of 0.00% convertible senior notes due 2032 , with the majority of proceeds earmarked to purchase additional bitcoin. The offering, which could expand to $1.15 billion if underwriters exercise their option in full, MARA announced on Monday. Net proceeds of approximately $940.5 million will also be used to retire $19.4 million in existing 1.00% notes due 2026, fund capped call transactions to mitigate dilution risk, ...
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